Rhythm Of Your Heart
Tanhaaee
Shervin & Rana Mansour
Listen To Radio Shoma 93.4
Listen Live

UAE allows cooperatives to list shares

Thursday, 17 February 2022 21:38

By ARN News Staff

@DXBMediaOffice/ Twitter

The UAE cabinet has approved a decision to allow cooperative associations to list on the local stock exchanges.

The cabinet, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, gave its go ahead  for the trading of shares of cooperatives on the financial markets.

It's aimed at strengthening the regulatory environment of the cooperatives sector and driving their economic returns.

The development, the first of its kind in the region, will also help enhance the sector's contributions to the national economy.

The latest decision allows financial markets to establish special platforms for the registration, trading and transfer of the shares of cooperatives, so that they are independent of the IPO and public trading platforms on the bourses.

Share

More from Business

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.

  • Shares bruised, dollar crumbles as Trump tariffs stir recession fears

    Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.

News

  • UAE shines in global competitiveness rankings for 2025

    The UAE has maintained its rising performance in the global competitiveness race during the first quarter of 2025 by achieving advanced positions in many relevant international and regional indicators and reports.

  • UAE President marks Senegal independence day

    President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Bassirou Diomaye Faye of Senegal on the occasion of his country's Independence Day.

  • UAE expands cancer prevention plan

    The Ministry of Health and Prevention (MoHAP) has reaffirmed its commitment to reducing the incidence of cervical cancer and other HPV-related diseases through a proactive national strategy.

Our Shows

Quick Links

Listen on the Go

  • Available on the App Store
  • Available on Google Play

© 2025 ARN and Aiir. All Rights Reserved.